The fund company will then make a market in their funds by creating and redeeming shares at this NAV price, thus ensuring all investors get the same fair price.

FORBES: ETFs and the Uselessness of iNAV

In many ways, Korean brokers still behave like a cartel, all offering the same service at the same price, albeit one that has fallen to a suicidally low level.

ECONOMIST: Korean finance

The collateral backing for such issues from numerous states is the same so, if the drop in smoking is responsible for the price decline, then all these issues are at risk.

FORBES: Buffett Frets Over Municipals, So Should You